Find out more about Subscribing Companies
Unique access to energy
investors. Global distribution
of company news.
Find out more.
Sign up for our free weekly newsletter
Informed comment and independent news delivered
by email every week.
Sign up here.
Find out more about Minesite Forums
Management and investors
are brought together at our
investor forums.
Find out more.
Bulletin Board
Join other informed investors.
Debate mining companies.
Visit Bulletin Boards.
OPUS
HighGrade.net
Exchange Traded Gold
Mining World Central Asia
Terrapinn Commodity Investment World
Republic of Guinea
Bullion Desk
Mining Exploration and Investment
Northern Asia Mining
Ambrian Capital

Company Information for Cash Minerals Ltd.

Company stock charts - 12 Month chart

Exchange TSX.V; CHX


View full financial data

Company Statement

Cash Minerals is a Canadian-based company focused on uranium exploration in the Wernecke District of the Yukon Territory, Canada. This district includes numerous highly prospective uranium targets, which are currently being explored by the Company. Large-scale exploration was conducted in 2005 and 2006, which included extensive drilling at the Lumina and Igor properties. Initial positive results have encouraged the Company to continue drilling in 2007, with a primary objective of defining a uranium resource.

Cash Minerals’ internal team of highly specialized geologists, its strong operational group and the company’s financial status, have allowed the company to execute year-over-year expanded drill exploration programs, which has culminated in the company aiming to define a resource at the Igor and Lumina properties. In addition to the Lumina and Igor properties, Cash Minerals has a mix of properties at various stages in the exploration process. This well-balanced portfolio is comprised of properties at the grassroots, mature exploration and resource-definition stages.


Current Operations

Uranium Exploration
Currently, Cash Minerals’ uranium exploration program focuses on the Wernecke Uranium District, Yukon Territory. The company has a portfolio of 22 properties in the Wernecke Uranium District, which is under a 50-50% option agreement with joint-venture partner Mega Uranium Ltd. Under this agreement, Cash Minerals has the ability to earn a 75% interest in one or more of these properties. These properties comprise of iron-oxide-copper-gold-uranium (IOCG-U) and structurally controlled high-grade uranium prospects.

In April 2007, Cash Minerals announced that it had entered into an arrangement with Signet Minerals Inc. to acquire three highly prospective uranium properties. Upon completion of this transaction, these properties – Curie (Yukon), Murphy (Yukon) and Aura (BC) – will be wholly owned by Cash Minerals.

The Central Mineral Belt, Labrador is a well-recognized district for uranium exploration. In early 2007, Cash Minerals entered an agreement with Cornerstone Capital Resources, which allows Cash Minerals to earn a majority interest in the Aillik uranium property and to be the operator of the program. Cash Minerals plans to conduct grassroots exploration and drilling on this property in 2007.

The key to balanced growth for any exploration company is having quality projects in each stage of exploration. As exploration progress for mature properties, highly prospective grassroots targets move up the ladder fueling future exploration growth.

Other Projects
Cash Minerals is engaged in exploring and developing coal properties in southwest Yukon Territory. The company's Division Mountain project has a measured resource of 52.5 million tonnes of high Volatile "B" Bituminous coal. The potential exists to provide this coal as feedstock for a mine-mouth power station.

In addition, Cash Minerals is currently investigating opportunities in China to use Fischer-Tropsch technology to produce clean-burning alternative fuels from coal. The outlook for alternative fuels is extremely positive. Products produced from coal would include high quality sulphur-free gasoline, diesel/distillate fuel and propane.


Geographical Spread

Yukon Territory, Canada
China


Board of Directors and Key Management

Stan Bharti Chairman of the Board
Gregory Duras President and Chief Executive Officer, Director
Dr. Michael Carew Chief Geologist
Wen Ye Chief Financial Officer, Director
Salisha Hosein Manager, Investor Relations
Patrick Gleeson Corporate Secretary
Basil Botha Director and Consultant
William Clarke Director
Andy Rickaby Director
Peter Rowlandson Director

Company Address

1890-1066 West Hastings Street
Vancouver, British Columbia, Canada V6E 3X1

Telephone:(604) 633-9942
Facsimile:(604) 633-9972
Email:info[at]cashminerals.com
Website:http://www.cashminerals.com

Additional Address/Key Contact

Registered Office
815-65 Queen Street West
Toronto, Ontario
M5H 2M5, Canada

Capital

Shares Outstanding: 66.8M Fully Diluted: 82.2M

Annual General Meeting

June

Year End

December 31

Major Shareholders

Institutional ownership ~40%

Related News

01/04/08 - Cash Minerals Advances Quickly Up The League Table Of Uranium Explorers
15/05/07 - Cash Minerals Is Now Focussed On Uranium, But Has An Economic Coal Mine Ready For Development
29/11/06 - Cash Minerals Planning A Power Station At Its Division Mountain Coal Project In The Yukon.

Most Recent Statement

03/07/08 - Cash Minerals Closes $2,000,000 Private Placement Financing
14/05/08 - Cash Minerals Announces Executive Management Changes
21/04/08 - Cash Minerals Releases Additional Assay Results From Igor Uranium Property, Yukon Territory and Extends Mineralized Zone to the North
02/03/08 - Cash Minerals Announces 2008 Uranium Exploration Program at Aillik Property, Central Mineral Belt, Labrador
12/02/08 - Cash Minerals Elects to Earn 75% Interest in Igor Uranium Property
23/01/08 - Cash Minerals Intersects 140 Metres of 0.042% U3O8 and 0.76% Copper at Surface at Igor Uranium Property

To top